Job Description
Junior Underwriting & Financial Analyst, Employee Benefits
Job Summary
Seeking a motivated and detail-oriented Junior Underwriting & Financial Analyst to join a Employee Benefits team. This role will focus on managing and supporting employee benefits for clients, including Medical, Dental, Vision, Life, AD&D, Long-term Disability, Short-Term Disability, and Voluntary Benefits. The ideal candidate will have a strong analytical mindset, excellent communication skills, and the ability to work independently while delivering high-quality results. This is an in-office position with opportunities for professional growth in a fast-paced and dynamic environment.
Compensation Package
- Salary: $75,000 annually
- 401(k): Yes
Responsibilities
- Prepare Requests for Proposals (RFPs) and analyze marketing results.
- Design, distribute, and evaluate responses to surveys and RFPs.
- Perform financial analysis, including benefits cost projections, plan design modeling, and employee contribution recovery models.
- Create benchmark data and trend analysis for clients.
- Make sound underwriting decisions based on financial results.
- Conduct proactive financial monitoring and review for assigned cases.
- Develop monthly financial reporting packages, including premium, claims, membership, commission, and cash reconciliation information.
- Generate weekly, monthly, and quarterly financial statements and projections.
- Assist in quarterly presentations to clients on the financial performance of insurance programs.
- Conduct new business financial evaluations as needed by the sales team.
- Provide timely, courteous, and accurate responses to inquiries, conducting research when necessary and communicating results.
- Process all necessary paperwork in adherence to department workflows and procedures.
Qualifications/Requirements
- Education: Relevant degree or equivalent experience in finance, insurance, or a related field.
- Experience: Minimum of 1+ years of experience in a similar role.
- Licenses/Certifications: Life and Health (L&H) license required.
- Technical Skills: Familiarity with Epic software is preferred but not mandatory.
- Soft Skills: Strong analytical abilities, attention to detail, excellent communication skills, ability to work independently, and a proactive approach to problem-solving.
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